Published 4:00 am, Saturday, January 20, 2001

Born July 14, 1901, Mr. Ternquist grew up in Glenwood, Minn. He earned a degree in business administration from the University of Southern California and then went to work as an accountant at Arthur Andersen in New York City.

Mr. Ternquist moved to California in 1937 and opened his own accounting firm in San Francisco with partner Edwin C. Nelson. Nelson and Ternquist merged with the international accounting firm Peat, Marwick, Mitchell & Co. in 1952. The firm is now known as KPMG.

After his retirement in 1964, Mr. Ternquist was active in numerous charitable groups and served on the Atherton City Council in the late 1960s. He also was deputy treasurer for the city, a volunteer position at the time.